News

2008

April

27
  • Best investment: Homes or stocks?. Jason Gerbsman and his wife, Lauren, began thinking about buying a home just as the housing market began to slump two years ago. The couple, who were renting an apartment in the District, had saved…
26
  • 'Declining markets' and self-fulfilling prophecies. Could designations of Zip codes, metropolitan areas and entire states as "declining markets" hinder a real estate recovery and hurt minority groups and moderate-income buyers disproportionately? Growing ranks of critics say yes. Since late 2007,…
22
  • Lenders derail plan for judges to modify mortgages. Sherrie Floyd says she was able to handle the first reset on the $505,000 mortgage she had taken out to refinance her Vallejo, Calif., home. And the second. But this month, when the mortgage reset…
  • Renters can't escape foreclosure crisis. On a chilly night after work last November, Christopher and Jenell Chow relaxed, watching the evening news while their children scampered around their rented two-story stucco home. Someone knocked at the door. An officer was…
21
  • Debt may be a factor in suspicious fires. Some folks celebrate their last home mortgage payment by setting fire to their loan agreement. Lately, some people behind on their mortgages are simply setting fire to their homes. In what appears to be the…
20
  • Homebuilders: Walk away, expect to pay. If you thought buying a new home was expensive, wait until you see how much it costs you to back out of the deal. Some buyers have compelling reasons to want out of a home…
  • Putting a big squeeze on condo loans. If you own or plan to buy a condominium, an ominous new phase of the mortgage-credit squeeze could be looming for you. As a result of underwriting changes by the giant mortgage investors Fannie Mae…
18
  • Momentum builds for foreclosure relief. Congress isn't done debating how best to stem the foreclosure crisis, but one near-certainty has emerged: Lawmakers will pull together a housing bill that expands Washington's role in helping troubled borrowers. Key legislators, Bush administration…
15
  • Poll: Housing woes won't end soon. A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday. The Associated Press-AOL Money & Finance poll found that…
14
  • Foreclosure politics. With foreclosures running at about 20,000 per week, at least 100,000 more families are likely to lose their homes before Congress passes a relief bill. And even then, the measure may fail to stanch the…
12
  • Walking out of mortgage, into years of hurt. The country's two largest sources of mortgage money have a blunt warning for anyone thinking about joining the growing "walkaway" trend, in which homeowners stop making payments and months later send the house keys back…
11
  • Aprueban nueva ayuda con las hipotecas. El Senado aprobó ayer con amplio respaldo bipartidista un proyecto de ley que incluye exenciones tributarias y otros pasos diseñados para ayudar a empresas y dueños de vivienda a capear la crisis hipotecaria. La medida…
10
  • Senate passes bill to ease housing crisis. The Senate today passed a bipartisan package of tax breaks and other steps designed to help businesses and homeowners weather the housing crisis. The measure passed by an impressive 84-12 vote, but even its supporters…
  • White House plan to aid subprime borrowers. The Bush administration yesterday unveiled a plan to rescue 100,000 homeowners at risk of foreclosure by relaxing eligibility standards for government-backed loans and encouraging lenders to forgive a portion of their debt. The proposal was…
09
  • Bush to offer more mortgage aid. The Bush administration is expanding a government program to help homeowners head off foreclosure as it scrambles to counter Democratic calls for a broader federal housing rescue. The plan would let more low- to moderate-income…
  • Engatusados por agentes hipotecarios. Una investigación del Centro de Préstamos Responsables (CRL) dada a conocer ayer indica que los prestatarios que obtuvieron sus préstamos a través de agentes hipotecarios, especialmente tratándose de aquellos con bajos ingresos, terminaron pagando mucho…
08
  • U.S. House to offer housing plan. House Democrats are crafting a response to the nation's housing crisis that would offer tax breaks to homeowners, first-time home buyers and developers of low-income housing but would not provide tax relief to the struggling…
07
  • Embargos golpean las zonas rurales. El final llegó en un abrir y cerrar de ojos, afuera del tribunal del condado de Merced. Sólo seis personas se presentaron al remate de ejecuciones judiciales, incluyendo a Janice Pimentel y su hijo Nick.…
03
  • U.S. Senate ignores help for homeowners. Consumer Action joined other consumer, civil rights and housing groups in opposing the Senate's formula for homeowners on the brink of foreclosure. Consumer Action and others argue that loan modifications through bankruptcy should be part…
 

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